Are you a P.R. spokesman for Sterling Equities? Why do you think Wilpon can't convert his real estate holdings into cash? Why can't he borrow against those substantial assets to acquire a loan to shore the Mets finances? Oh, because Sterling Equities is a major real estate investment firm. I wonder what direction that market has headed the last four years? The $70 million they made in outright fraud from Madoff will be taken from them by a court settlement, and the honest investments they made in real estate are already worthless. I do agree that the Mets are probably sound financially, but that leads into the next point..
Wilpon isn't being forced to sell the Mets. He's using his only valuable asset (that and SNY, but Wilpon doesn't own SNY) to raise cash to stave off the twin crisis that are rocking the rest of his empire. Why else would he sell 33% of his baseball team for pennies on the dollar? Why else would he agree to sell the Mets for an actual dollar? Even if Einhorn loses his bet, he still owns 1/3 of a baseball franchise valued at close to $800 million. Desperate people do desperate things.